I called Bank of America the other day and they require 2 years business tax returns and I'm currently a sole proprietor.

What types of coverage would I need in order to protect myself, as a sole proprietor?

unless, of course, he is a sole proprietor.

Where I'd be a sole proprietor or single-owner LLC I'm just trying to establish a baseline that allows me to eventually pay myself without additional risk to my personal assets in the event that something goes poorly in the future.

If you are just being a sole proprietor, with no entity, that is probably your biggest risk and the first thing I would resolve.  

BUT- an agent is a sole proprietor and the broker is NOT your employer.

Hi, my name is Karolyn and I am a full time real estate investor in the Atlanta metro area. Although I invest where ever a good deal lands me. I remember as a kid looking at those beautiful house plans in the Southern...

When you are a sole proprietor, (single member LLC) you file a Schedule C, and you pay 13% self employment tax, and, if you are like me you pay 31% on top of that on what you pay yourself, which goes to help support those loser deadbeats that won't work but get the free Obamaphone...The purpose of the EIN is as you send out 1099's, and as you need to establish accounts with suppliers, they have your info, so the IRS can track your every move.

I have been in business as a sole proprietor for 3 years.

So do I set up as a sole proprietor or an LLC?